Civic Intelligence

Southern Ocean Racing Conference Inc

EIN 20-0926221 • 501(c)7 • Bunnell, FL

Profile

Foster amateur sports competition

PO Box 1987Bunnell, FL 32110-1987

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2024

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2024

Net Margin

85th percentile

24%

Higher net margin than 85% of similar nonprofits.

501(c)7 • <$500k nonprofits • Source year 2024

Top Officer Pay

94th percentile

$0

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)7 • <$500k nonprofits • Source year 2024

Asset Growth

94th percentile

78%

Faster asset growth than 94% of similar nonprofits.

501(c)7 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

95th percentile

82%

Faster revenue growth than 95% of similar nonprofits.

501(c)7 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Up

$34,585

Up $15,206 (+78%) from 2023

Liabilities

-

No earlier filing loaded for comparison.

Net Assets

Up

$34,585

Up $15,206 (+78%) from 2023

Operations
Liabilities / RevenueScore unavailableNet Margin85th percentile

Revenue

Up

$62,068

Up $28,029 (+82%) from 2023

Expenses

Up

$46,862

Up $3,347 (+7.7%) from 2023

Net Income

Up

$15,206

Up $24,682 (+260%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth94th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$40K$30K$20K$10K$0Assets 2016: $39,851Net Assets 2016: $39,8512016Assets 2017: $28,913Net Assets 2017: $28,9132017Assets 2018: $25,476Net Assets 2018: $25,4762018Assets 2019: $26,603Net Assets 2019: $26,6032019Assets 2020: $26,444Net Assets 2020: $26,4442020Assets 2021: $31,680Net Assets 2021: $31,6802021Assets 2022: $28,855Net Assets 2022: $28,8552022Assets 2023: $19,379Net Assets 2023: $19,3792023Assets 2024: $34,585Net Assets 2024: $34,5852024

Highlighted filing

2024

Assets$34,585
Liabilities-
Net Assets$34,585
Open 2024 Filing

Operations Trend

Revenue Growth95th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$100K$50K$0-$50KRevenue 2016: $69,998Expenses 2016: $59,811Net Income 2016: $10,1872016Revenue 2017: $53,942Expenses 2017: $64,880Net Income 2017: -$10,9382017Revenue 2018: $41,904Expenses 2018: $45,341Net Income 2018: -$3,4372018Revenue 2019: $40,174Expenses 2019: $39,047Net Income 2019: $1,1272019Revenue 2020: $37,391Expenses 2020: $37,550Net Income 2020: -$1592020Revenue 2021: $25,763Expenses 2021: $20,527Net Income 2021: $5,2362021Revenue 2022: $31,759Expenses 2022: $34,584Net Income 2022: -$2,8252022Revenue 2023: $34,039Expenses 2023: $43,515Net Income 2023: -$9,4762023Revenue 2024: $62,068Expenses 2024: $46,862Net Income 2024: $15,2062024

Highlighted filing

2024

Revenue$62,068
Expenses$46,862
Net Income$15,206
Open 2024 Filing

Filings

Most recent year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$34,585
Liabilities
-
Net assets
$34,585
Revenue
$62,068
Expenses
$46,862
Net income
$15,206
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$34.6$34.6$62.1$46.9$15.2
2023Detailed filing. Detailed filing data is available for this year.$19.4$19.4$34.0$43.5$9.48
2022Detailed filing. Detailed filing data is available for this year.$28.9$28.9$31.8$34.6$2.83
2021Detailed filing. Detailed filing data is available for this year.$31.7$31.7$25.8$20.5$5.24
2020Detailed filing. Detailed filing data is available for this year.$26.4$26.4$37.4$37.6$0.16
2019Detailed filing. Detailed filing data is available for this year.$26.6$26.6$40.2$39.0$1.13
2018Detailed filing. Detailed filing data is available for this year.$25.5$25.5$41.9$45.3$3.44
2017Detailed filing. Detailed filing data is available for this year.$28.9$28.9$53.9$64.9$10.9
2016Detailed filing. Detailed filing data is available for this year.$39.9$39.9$70.0$59.8$10.2
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Aug 1, 2023 to Jul 31, 2024
Signed
Feb 19, 2025
Return Version
2023v6.0
Gross Receipts
$62,068
Mission and Program Overview

Mission

Foster amateur sports competition

Program Services

DescriptionGrantsExpenses
MANAGEMENT OF FIVE OFFSHORE SAILBOAT RACES (KEY WEST RACE, NASSAU RACE, WIRTH MUNROE RACE, ELEUTHERA RACEAND SAILORS CHOICE RACE)-$36,850
Compensation and Service Providers
Top Officer Pay94th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
CAROL EWINGChairmanPT$0--
BOB MEAGHER IIIVice Chairman-$0--
CHRIS WOOLSEYLegal Officer-$0--
SENNETT DUTTENHOFERTreasurer-$0--
ISABEL GALVANSecretary-$0--
JIM BILLDirector-$0--
TREY SHEEHANDirector-$0--
DANIELLE SEPTEMBREDirector-$0--
BARR BATZERDirector-$0--
CHIP SABADASHDirector-$0--
STEVE BENJAMINDirector-$0--
STU HEBBDirector-$0--
CHRIS LANZADirector-$0--
HL DEVOREDirector-$0--
HEIDI DELISSERDirector-$0--
EAMONN DELISSERDirector-$0--
Filing and Contact Details

Filer

Filer Name
Southern Ocean Racing Conference Inc
EIN
20-0926221
Phone
3057854777
Address
PO BOX 1987, BUNNELL, FL 32110-1987

Signing Officer

Name
Carol Ewing
Title
Chairman
Phone
3057854777
Signed
2025-02-19

Preparer

Firm
Kent J Fox CPA & James E Houston Ea LLC
Address
1215 SE 2ND AVE STE 102, FORT LAUDERDALE, FL 33316
Preparer
Kent J Fox
Phone
9544673553
Supplemental Narrative

Additional Explanations

Form 990EZ, Part I, Line 16

“RACE EXPENSES 36850.”

Form 990EZ, Part I, Line 16

“WEB HOSTING 5264.”

Form 990EZ, Part I, Line 16

“INSURANCE 3987.”

Form 990EZ, Part I, Line 16

“TAXES - OTHER 61.”

Form 990EZ, Part I, Line 16

“Dues and subscriptions 150.”

Raw XML Appendix192 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0CHAIRMAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1VICE CHAIRMAN
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4SECRETARY
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6DIRECTOR
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt8DIRECTOR
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IRS990EZ/OperateHospitalInd0false
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IRS990EZ/OtherExpensesTotalAmt046312
IRS990EZ/PrimaryExemptPurposeTxt0FOSTER AMATEUR SPORTS COMPETITION
IRS990EZ/ProgramServiceRevenueAmt062068
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0MANAGEMENT OF FIVE OFFSHORE SAILBOAT RACES (KEY WEST RACE, NASSAU RACE, WIRTH MUNROE RACE, ELEUTHERA RACEAND SAILORS CHOICE RACE)
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0RACE EXPENSES 36850.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1WEB HOSTING 5264.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2INSURANCE 3987.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3TAXES - OTHER 61.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DUES AND SUBSCRIPTIONS 150.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990EZ, Part I, Line 16
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0CAROL EWING
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum03057854777
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-02-19
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SOUTHERN OCEAN RACING CONFERENCE INC
ReturnHeader/Filer/BusinessNameControlTxt0SOUT
ReturnHeader/Filer/EIN0200926221
ReturnHeader/Filer/PhoneNum03057854777
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 1987
ReturnHeader/Filer/USAddress/CityNm0BUNNELL
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd0321101987
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0203515408
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0KENT J FOX CPA & JAMES E HOUSTON EA LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01215 SE 2ND AVE STE 102
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FORT LAUDERDALE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd033316
ReturnHeader/PreparerPersonGrp/PhoneNum09544673553
ReturnHeader/PreparerPersonGrp/PreparationDt02025-02-20
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Kent J Fox
ReturnHeader/ReturnTs02025-02-20T13:46:47-08:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02023-08-01
ReturnHeader/TaxPeriodEndDt02024-07-31
ReturnHeader/TaxYr02023

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